The agreement establishes a framework for NextNRG and Hudson to jointly develop, finance, and deploy a national portfolio of energy assets — including utility-scale solar, battery storage, distributed smart microgrids, wireless EV charging infrastructure, and NextNRG's proprietary Next Utility Operating System®.
Under the Master Framework Agreement, Hudson will receive priority consideration to fund select projects in NextNRG's expanding national pipeline. The collaboration also provides NextNRG access to Hudson-led development opportunities in high growth sectors such as fleet electrification, data center power, and municipal energy resiliency.
Hudson Sustainable Group has mobilized and deployed over $13 billion in capital across renewable power, energy efficiency, and clean transportation infrastructure and is recognized for its support of scalable, long-term energy transition projects worldwide. Led by CEO Neil Auerbach, a former Goldman Sachs partner, Hudson brings an innovative approach to clean energy finance, having backed global players such as Recurrent Energy, Sunlight Financial, Powermat and Landis + Gyr.
“This partnership with Hudson enhances our ability to scale AI-optimized, distributed energy infrastructure at a time when demand for smarter, more resilient power solutions is accelerating,” said Michael D. Farkas, Founder and CEO of NextNRG.
“By aligning innovation with growth capital, we believe we're well positioned to drive project execution, strengthen our commercial pipeline and advance the deployment of next-generation systems that can reduce cost, improve reliability, and support the evolving energy needs of both today and tomorrow.”
“We are excited to partner with NextNRG,” said Neil Auerbach, Founder and CEO of Hudson Sustainable Group. “Michael is a pioneer in EV charging, and a seasoned entrepreneur.
"The technology under the hood at NextNRG is breathtaking in its scope and potential. We look forward to assisting the company in monetizing both its IP and downstream portfolios.”
Execution of individual project financings and terms will be subject to final due diligence, mutual agreement, and completion of definitive documentation.
